HDFC to pay Rs3.5/share as interim dividend

The objective of payment of interim dividend is to distribute dividends received by the Corporation from its subsidiary companies during the year to the Corporation's shareholders.

Mar 07, 2019 03:03 IST India Infoline News Service

HDFC Limited
Housing Development Finance Corporation (HDFC) has declared an interim dividend of Rs3.50 for the financial year ended March 31.

The objective of payment of interim dividend is to distribute dividends received by the Corporation from its subsidiary companies during the year to the Corporation's shareholders.

The announcement made after market hours on Wednesday.

“The has approved the payment of interim dividend of Rs3.50 per equity share of Rs2 each of the Corporation, for the financial year ending March 31, 2019, as against an interim dividend of Rs3.50 per equity share for the financial year ended March 31, 2018,” as per BSE filing.

The company has set March 18, 2019, as the record date for determining the eligibility of the shareholders to the interim dividend. The payment of the same to the eligible shareholders will commence from March 25, 2019.

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